Damage to Charterer's Property

Damage to Charterer's Property refers to situations where cargo or equipment belonging to a charterer—an individual or company that leases a vessel—is harmed while in the custody of a shipowner or operator. This can occur during shipping, loading, or unloading. Liability for such damage usually depends on the terms of the charter agreement, which outlines responsibilities related to care and safety. If damage occurs due to negligence or failure to follow the agreement, the shipowner may be held responsible, potentially leading to financial compensation for the charterer.